Private Equity

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Kotak Investment Advisors raises $1.25 B for second special situations fund

Economic Times  

Kotak Investment Advisors (KIA), an arm of Kotak Mahindra Bank, has raised USD 1.25 Billion for its second special situations fund. The money raised will be deployed in equity, debt, and hybrid instruments across sectors. The overall targeted amount for the second fund, which will be domiciled in the Gift City in Gujarat, is USD 1.6 Billion. Abu Dhabi Investment Authority (ADIA), Singapore's GIC and family office Premji Invest, who were among the backers for the first fund, have committed money for the second fund as well. The second fund, which comes after the deployment of USD 1 Billion in the first fund, will "provide strategic solution capital across growth and value companies”.